4//SEC Filing
Gold Alan D 4
Accession 0001415889-22-000503
CIK 0001677576other
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 3:18 PM ET
Size
15.6 KB
Accession
0001415889-22-000503
Insider Transaction Report
Form 4
Gold Alan D
DirectorEXECUTIVE CHAIRMAN
Transactions
- Award
Restricted Stock Units 2022
2022-01-11+16,218→ 16,218 totalExercise: $0.00→ Common Stock (16,218 underlying) - Award
Performance Share Units 2022
2022-01-11+46,188→ 46,188 totalExercise: $0.00→ Common Stock (46,188 underlying)
Holdings
- 15,978
Restricted Stock Units 2020
Exercise: $0.00→ Common Stock (15,978 underlying) - 12,612
Restricted Stock Units 2021
Exercise: $0.00→ Common Stock (12,612 underlying) - 31,857
Performance Share Units 2021
Exercise: $0.00→ Common Stock (31,857 underlying) - 56,500(indirect: By SLAT)
Common Stock
- 211,308
Common Stock
Footnotes (7)
- [F1]A Spousal Lifetime Access Trust ("SLAT") for the benefit of the reporting person's spouse and adult children. The reporting person and the reporting person's spouse control the entity that serves as trustee of the SLAT.
- [F2]Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Innovative Industrial Properties, Inc.'s (the "Company") common stock.
- [F3]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2023, January 1, 2024 and January 1, 2025, provided that the reporting person continues to be a non-employee director or employee of the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan (the "NQDC Plan").
- [F4]Each performance share unit represents the right to receive, following vesting, between 0% and 150% of one share of common stock based upon the achievement of pre-established performance metrics related to relative total stockholder return over the performance period beginning January 11, 2022 and ending on December 31, 2024, and certification of such performance by the Compensation Committee of the Board of Directors of the Company following the conclusion of the performance period.
- [F5]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2021, January 1, 2022 and January 1, 2023, provided that the reporting person continues to be a non-employee director or employee of the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.
- [F6]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2022, January 1, 2023 and January 1, 2024, provided that the reporting person continues to be a non-employee director or employee of the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.
- [F7]Each performance share unit represents the right to receive, following vesting, between 0% and 150% of one share of common stock based upon the achievement of pre-established performance metrics related to relative total stockholder return over the performance period beginning January 11, 2021 and ending on December 31, 2023, and certification of such performance by the Compensation Committee of the Board of Directors of the Company following the conclusion of the performance period.
Documents
Issuer
INNOVATIVE INDUSTRIAL PROPERTIES INC
CIK 0001677576
Entity typeother
Related Parties
1- filerCIK 0001298786
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 3:18 PM ET
- Size
- 15.6 KB